BCS HR Software, one of the larger providers of software for HR and payroll, is expanding its international operations through the acquisition of Belgium-based epowerhr. The strategic acquisition marks another step in expanding BCS' fast-growing position in the HR Software industry in the Benelux. It is BCS' fifth acquisition since Main Capital invested in the company in April 2022. Previously, Apployed, Tasper, MediSoft and Centric's HR & Payroll operations were added to BCS. For Main Capital Partners, this is also the second acquisition in Belgium since the opening of its Antwerp office in late 2022.
The opening of the Antwerp office has not only resulted in better support with organic growth strategies in Belgium for portfolio companies such as, Wefact and BCS, but also in inorganic growth via acquisitions. The acquisition of epowerhr is Main’s second acquisition in Belgium, after the acquisition of Eurotracs by logistics software provider FleetGO. By adding epowerhr, the organic growth of BCS in Belgium will accelerate.
BCS has more than 45 years of experience in the HR & payroll software industry. BCS provides a complete HR & Payroll solution ranging from absence and payroll management to employee benefits and personnel administration, as well as employee welfare.
epowerhr was founded in 2000 and has an office in Wommelgem, Belgium. The company provides a broad solution that supports clients in employee development, onboarding, training and performance and process measurement, among other things. The customer base consists of both SMEs and enterprises, and epowerhr is particularly strong in the healthcare, financial services and industrial sectors. BCS also has a strong track-record in these markets, allowing customers of both parties to benefit from a complete solution and good service.
As a result of the partnership with epowerhr, BCS is able to support customers in the entire “employee journey” with its software solutions. This is further complemented by several other HR solutions such as scheduling, employee records, expense management and payroll.
The acquisition of epowerhr is in line with BCS’ strategy to further expand its leading product portfolio and strengthen its market position. BCS already has several customers in Belgium but can further strengthen this position through the combination with epowerhr.
Joep Eijkens, CEO of BCS, comments: “The acquisition of epowerhr is a logical continuation of our expansion strategy within Europe. BCS is committed to continue providing innovative and high quality HR software solutions. By adding epowerhr to BCS, customers can be better served around the process of employee development and performance management.”
Charly Zwemstra, Managing Partner & Chief Investment Officer at Main Capital concludes: “We see many opportunities in the Belgian market and have placed additional focus on this through the opening of our Antwerp office. That this results in a cross-border acquisition in one of our strongest represented product-market segments is an important strategic step. We see more opportunities for both BCS and other portfolio companies to make acquisitions in Belgium, and of course to help Belgian companies cross the border into the Netherlands, DACH region, Scandinavia, or nowadays even the US.”
We see many opportunities in the Belgian market and have placed additional focus on this through the opening of our Antwerp office.
BCS offers SMEs and enterprises a complete HR & payroll solution. BCS has over forty years of experience in providing software in the areas of payroll, time registration, absenteeism, workflow management and personnel planning. Since 1978, BCS has grown into one of the largest payroll processors in the Netherlands and has more than 230 employees.
epowerhr was founded in 2000 and has an office in Wommelgem, Belgium. epowerhr provides a broad solution that can be deployed in the process around personnel development and performance. The products support customers in evaluation interviews, onboarding, training and measuring performance and processes, among other things. The company focuses on customers in both the SME and enterprise segments, and is particularly strong in the healthcare, financial services and industrial sectors.
Read more about other recent acquisitions or mergers within the Main network.